QUESTION 4 Company N operates a mail order business out of its heacquarters in T
ID: 2609272 • Letter: Q
Question
QUESTION 4 Company N operates a mail order business out of its heacquarters in Tulsa, Oklahoma. This year, it mailed $892,000 worth of product to customers residing in Oklahoma and $489,300 worth of product to customers residing in Missouri. Which of the following statements is true? OCompany N must collect Oklahoma sales tax from its Oklahoma customers and Missouri sales tax from its Missouri customers Company N must collect Oklahoma sales tax from both its Oklahoma and Missouri customers. Company N must collect Oklahoma sales tax from its Oklahoma customers. O Company D is not required to collect sales tax on any mail order sales. QUESTION 5Explanation / Answer
Answer-Company N must collect Oklahoma sales tax from its Oklahoma customers.
Reason:
Company N has no physical presence in Missouri so it is not required to collect Missouri sales tax.
Answer-Company N must collect Oklahoma sales tax from its Oklahoma customers.
Reason:
Company N has no physical presence in Missouri so it is not required to collect Missouri sales tax.